Saturday, August 20, 2011

Now that's how to steal (I mean make) money

Somebody (we don't know who) bet a billion USD on the US being downgraded. The popular speculation is that was George Soros http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html but that's only because he has that kind of money and has made wild currency bets in the past. He denies it and has been ranting against the people pushing the downgrade for years.

My personal guess is that is somebody linked to Mitt Romney. There are links between Mittens and his pals at Bane and the company the owns S&P. It's obvious that S&P can't justify their downgrade or even claim that they are capable of making this kind of rating in the first place. They don't have the resources or experience and apparently can't even do the math, having made a two trillion error in their calculations of the future debt of the US. The head of S&P pushed this through regardless and there has to be a reason. Like Deep Throat said "follow the money" (DT turned out to be the Deputy Director of the FBI)

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